Finance Minister Nirmala Sitharaman outlined a three-pronged approach to create champion Micro, Small and Medium Enterprises (MSMEs), aimed at improving access to equity, liquidity, and professional support for small businesses.
As part of the strategy, Nirmala Sitharaman proposed equity support through a ₹10,000 crore SME Growth Fund, designed to help promising MSMEs scale up and compete globally. In addition, the government will top up the Self-Reliant India Fund with ₹2,000 crore, further strengthening equity infusion into the sector.
To ease liquidity constraints, the Finance Minister said the government would expand support through the Trade Receivables Discounting System (TReDS) platform, enabling faster access to working capital by discounting receivables.
Beyond financial support, Nirmala Sitharaman announced that the government will facilitate professional institutes to design short-term courses and modules to develop a dedicated cadre of ‘Corporate Mitras’, who will mentor and guide MSMEs on governance, compliance, and growth strategies.
The measures are expected to strengthen MSME resilience, improve formalisation, and accelerate their transformation into globally competitive enterprises.